Securing a Commercial Mortgage: Tips for Smooth Business Property Acquisition
If you’re planning to purchase a commercial property in Exton, you’ll need a reliable strategy—and the right financing partner—to move things forward. Whether you’re buying a space for your own business or expanding your real estate portfolio, securing a commercial mortgage takes preparation, focus, and support from a team that knows the local market. At […]
Choosing the Right Residential Mortgage: How to Navigate Your Options Confidently
When you’re buying a home, the mortgage you choose matters as much as the property itself. Rates, terms, and requirements can vary from lender to lender—and so can the level of service you receive. That’s why we believe in offering more than numbers on a page. At Penn Street Mortgage, we guide you through your […]
When Does a Mortgage Lender Pull Credit? Understanding the Process
Applying for a mortgage means getting familiar with credit checks. Whether you’re purchasing a home or refinancing an existing property, a lender needs to assess your financial history before approving a loan. But when does a mortgage lender pull credit, and how does it affect your ability to secure a mortgage? Understanding when and why […]
Understanding What Is a Mortgage Planner in Wilmington, DE
When you secure a mortgage, you need to make sure the loan fits into your financial future. That’s what a mortgage planner does. Instead of focusing only on getting you approved, a mortgage planner looks at the bigger picture—your goals, financial situation, and how your mortgage can work for you long term. If you’re buying […]
Is It Better to Get a Mortgage from a Bank or Lender?
Buying a home comes with a long list of decisions, and one of the biggest is figuring out where to get your mortgage. Should you go with a bank or a mortgage lender? It’s a question that doesn’t always have a clear-cut answer. Some people prefer banks because they’re familiar, while others choose mortgage lenders […]
What Is the 3 7 3 Rule in a Mortgage?
There’s a rule in mortgage lending that affects the timing of your home loan process, and if you’re not familiar with it, you could be caught off guard. It’s called the 3 7 3 rule in a mortgage, and it sets specific deadlines for when lenders must provide disclosures and when you can officially close […]
Understanding What is Lender Credit on a Mortgage
Understanding lender credit in the context of a mortgage is essential for both first-time homebuyers and seasoned property investors alike. Lender credit refers to a financial concession provided by the lender to help offset some costs associated with obtaining a mortgage. This understanding can greatly influence your mortgage process and financial planning. What is Lender […]
When to Talk to a Mortgage Lender
Knowing when to talk to a mortgage lender can significantly influence your home buying or refinancing experience. Understanding the right time to engage with a lender can set the stage for successful financing, whether you are seeking a new residence, a commercial property, or looking to refinance your current mortgage. This article will guide you […]
What is a Third-Party Mortgage Lender?
Understanding the various options available in mortgage lending is crucial for anyone looking to finance a home. One option that often comes up is working with a third-party mortgage lender. This article will explore the role of third-party mortgage lenders, the distinctions between mortgage brokers and lenders, and provide guidance on what to consider when […]
How to Email a Mortgage Lender
Effective communication with mortgage lenders is crucial for a smooth home buying or refinancing process. Email has become a primary mode of communication, allowing you to articulate your needs and inquiries clearly. Here’s how to effectively email a mortgage lender and get the information you need. Understanding Your Needs Identifying Your Home Buying Goals Before […]